1. How To Spot And Screen For Chart Patterns With Finviz: Introduction
  2. How To Spot And Screen For Chart Patterns With Finviz: Quick Summary List
  3. How To Spot And Screen For Chart Patterns With Finviz: Comprehensive Chart Pattern Screener
  4. How To Spot And Screen For Chart Patterns With Finviz: Manually Filter The Results
  5. How To Spot And Screen For Chart Patterns With Finviz: Conclusion

Whether the quick summary list is used, or a comprehensive stock screen conducted for chart patterns, some manual work is still required. The chart pattern screener narrows down the list of available stocks to trade, but not all of them will be worth trading.

For instance, in Figure 5 above, the stocks shown have already broken out of their rising wedge formation. Some traders may like this, as they can wait for a rebound and then go short, while other traders may only want to trade the initial breakout and therefore are only looking for stocks that are still within the pattern.

When a potential trade candidate is found, the trader may want to redraw the chart pattern on his or her own chart to find the actual breakout point, based on their own interpretation of the pattern.

Some traders draw chart patterns along price extremes, while others exclude price extremes. The Finviz chart patterns are therefore only an interpretation of a chart pattern. The trader must then decide if they agree with that interpretation or if they would draw the pattern using different prices as support and resistance.

In this way, Finviz provides traders with a list of potential chart patterns that meet certain criteria, but it is still up to the trader to pick from that list the patterns that provide the most potential to them.


How To Spot And Screen For Chart Patterns With Finviz: Conclusion
Related Articles
  1. Trading

    Watch For These Chart Pattern Breakouts Right Now

    These stocks are near chart pattern breakout points, indicating potential trend reversals ahead.
  2. Trading

    Most Commonly Used Forex Chart Patterns

    These chart patterns provide entries, stops and profit targets that can be easily seen.
  3. Trading

    Breakout Stocks to Watch Right Now

    These three stocks are near major breakout points, which will affect the short-term, and potentially the long-term direction of the stocks.
  4. Trading

    Advanced Candlestick Patterns

    Go beyond the basics! Learn to identify and trade island reversals, kicker patterns and more.
Frequently Asked Questions
  1. What's the Difference Between a Market Economy and a Command Economy?

    Set by supply and demand, a market economy operates through a price system; in a command economy, governments control the ...
  2. What Factors Cause Shifts in Aggregate Demand?

    Find out how aggregate demand is calculated in macroeconomic models. See what kinds of factors can cause the aggregate demand ...
  3. Who are Whole Foods' (WFM) main competitors?

    Learn more about Whole Foods Markets, who insists its products are sustainable. Thanks to the competition, however, its marketing ...
  4. What are the Differences Between Ex Works (EXW) and Free On Board (FOB)?

    Learn about Ex Works and Free on Board, the main difference between these Incoterms, and the responsibilities of buyers and ...
Trading Center